Frozen Tilapia Fillets Price in Malaysia - 2021
Contents:
- Frozen Tilapia Fillets Price in Malaysia (FOB) - 2021
- Frozen Tilapia Fillets Price in Malaysia (CIF) - 2022
- Frozen Tilapia Fillets Exports in Malaysia
- Frozen Tilapia Fillets Imports in Malaysia
Frozen Tilapia Fillets Price in Malaysia (FOB) - 2021
In December 2021, the average frozen tilapia fillets export price amounted to $4,914 per ton, standing approximately at the previous month. Overall, the export price, however, showed a slight contraction. The pace of growth was the most pronounced in May 2021 an increase of 26% month-to-month. Over the period under review, the average export prices reached the maximum at $5,859 per ton in June 2021; however, from July 2021 to December 2021, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($5,194 per ton), while the average price for exports to Singapore stood at $3,341 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.5%).
Frozen Tilapia Fillets Price in Malaysia (CIF) - 2022
The average frozen tilapia fillets import price stood at $2,237 per ton in 2022, shrinking by -1.6% against the previous year. Overall, the import price showed a deep setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by 17% against the previous year. The import price peaked at $3,937 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,767 per ton), while the price for Vietnam ($1,727 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Tilapia Fillets Exports in Malaysia
In 2022, shipments abroad of frozen tilapia fillets decreased by -12.7% to 530 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, the exports reached the peak of 608 tons, and then reduced in the following year.
In value terms, frozen tilapia fillets exports reduced to $2.8M in 2022. The total export value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of $3.2M, and then declined in the following year.
| Export of Frozen Tilapia Fillets in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,512 | 1,933 | 2,482 | 2,239 | 14.0% |
| Singapore | 418 | 313 | 456 | 411 | -0.6% |
| Belgium | 216 | 163 | 135 | 97.0 | -23.4% |
| Netherlands | 95.2 | 89.4 | 92.1 | 82.6 | -4.6% |
| Taiwan (Chinese) | 29.0 | 20.8 | 10.1 | 17.9 | -14.9% |
| Others | 4.2 | 0.8 | 0.7 | 0.5 | -50.8% |
| Total | 2,274 | 2,520 | 3,175 | 2,847 | 7.8% |
Top Export Markets for Frozen Tilapia Fillets from Malaysia in 2022:
- United States (359.8 tons)
- Singapore (110.9 tons)
- Belgium (28.1 tons)
- Netherlands (20.0 tons)
- Taiwan (Chinese) (11.0 tons)
Frozen Tilapia Fillets Imports in Malaysia
In 2022, the amount of frozen tilapia fillets imported into Malaysia fell to 1.1K tons, declining by -7.8% compared with the year before. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 18%.
In value terms, frozen tilapia fillets imports contracted to $2.6M in 2022. In general, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year.
| Import of Frozen Tilapia Fillets in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,234 | 1,617 | 2,182 | 1,929 | -4.8% |
| United States | 239 | 212 | 226 | 203 | -5.3% |
| Indonesia | 236 | 190 | 60.7 | 139 | -16.2% |
| Vietnam | 57.9 | 35.9 | 139 | 123 | 28.6% |
| Hong Kong SAR | 99.4 | 92.8 | 104 | 98.5 | -0.3% |
| Others | 122 | 156 | 115 | 73.8 | -15.4% |
| Total | 2,988 | 2,304 | 2,828 | 2,566 | -4.9% |
Top Suppliers of Frozen Tilapia Fillets to Malaysia in 2022:
- China (985.8 tons)
- Vietnam (71.0 tons)
- Indonesia (31.4 tons)
- United States (26.2 tons)
- Hong Kong SAR (20.8 tons)
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